Beware the Hidden Bear - More Downside to Come?

10 Mar 2020

During this recent drop, while the price creating a lower high, the RSI created a higher high. This is an indication of a continuation of the downtrend so beware buying here. It's already sold off multiple times and simply looks like a retest of former trendline that we fell below.

More about divergences: babypips.com/learn/forex/divergence-cheat-sheet

12 Mar 2020

Not

Well that sure melted like butter on a hot summer's day. Stay safe. I believe it's going to get rockier for maximum pain.

12 Mar 2020

Not

$4300 next?

13 Mar 2020

Not

Wow, even lower than $4300. We got a bounce but it ain't over yet. Already ANOTHER hidden bearish divergence formed on the 1H chart. More pain to come and likely much deeper this time. Will it bounce back above the 200 weekly MA this time?